The Central Bank of China announced it will conduct seven-day reverse repos worth 210 billion yuan (about $29.5 billion) at an interest rate of 1.7 percent. The move aims to maintain reasonable and ample liquidity in the banking system, Xinhua news agency reported, citing a statement from the bank. Reverse repos are operations in which the central bank buys securities from commercial banks through bidding, with an agreement to resell it to them in the future. Source: Oman News Agency
Related Articles
A child dies of wounds sustained by the occupation forces in Qaryut
The child Bana Amjad Bakr (13 years old) died of her wounds from live bullets in the chest, Friday evening, following an attack by settlers, under the protection of the Israeli occupation forces, on the village of Qaryut, south of Nablus.
The Palest…
Inside Al-Aqsa – Settlers dance and sing in celebration of the attack on Lebanon
Jerusalem – Ma’an – Dozens of settlers stormed the Al-Aqsa Mosque today, Wednesday.
166 extremists stormed Al-Aqsa through the Mughrabi Gate, whose keys are controlled by the occupation authorities, and they danced, sang, and performed collective pra…
Foreign Minister and Saudi Counterpart Visit Empty Quarter Border Crossing
Muscat: Sayyid Badr bin Hamad Al Busaidi, Foreign Minister and Prince Faisal bin Farhan, Foreign Minister of the Kingdom of Saudi Arabia, today visited the Empty Quarter border crossing linking the two countries. During the visit, the two ministers re…